Tag: Wealth Redistribution Failures

Croney capitalist billionaire wants to stop others from getting rich like him

Say what you want about Bill gates, but as of late he has turned into a giant bag of dicks. The man that managed to successfully create and hold a incestuous monopolistic relationship with big government that allowed the mega corporation he ran to crush competition and make him a fucking billionaire, now in his old age, is basically trying his best to limit membership to the exclusive he belongs to by asking that the bar that keeps the riff-raff out of the new American aristocracy be raised even more.

Never mind the idiotic fact that the crony capitalism of the last few decades that has all but subverted and destroyed the small business industries that used to keep our overregulated and overburdened economy growing by some miracle, is a direct byproduct of big government socialism he tells us we need more of. He pleads his case by calling of all things on the idiotic and discredited big government booga-boo of climate change.

Seriously? Of course they need socialism to cure climate change, duh! In fact, the people that champion this idiotic cult’s teachings were hoping that they could scare everyone else with their doomsday climate change predictions to get even more oppressive socialism that would otherwise never be acceptable rammed down people’s throats.

Don’t be fooled by these mega rich assholes, like Gates or Buffet, whom for some ungodly reason seem to push anti-capitalist bullshit. They do this for personal gain. They know they have enough power and wealth to keep anyone from taking theirs, and they push for more corrupt government control precisely because it will both benefit them personally while making it possible for them to control whom gets allowed in the credentialed aristocratic circle the left has managed to create in this country.

Capitalism died a long time ago, right about the time government inserted itself in the middle of any business transaction between willing participants, through mechanisms that control entry and protect special interests while pretending to be done to serve the public.

Fuck these assholes and the horse they rode in on. What we really need is a culling of the new aristocracy.

The fix is in…

The media has been hard at work pretending Obamacare’s rollout has not been an absolute disaster, either ignoring the plethora of horror stories outright, or when they report, trying to put a positive spin to the whole giant mess. But the truth is that this thing is a disaster. We have seen poor idiots in Washington state be debited for care they are not getting, and in my own state, we have a whole bunch of people that had their cost lowballed. I have so far only had one person tell me Obamacare actually reduced their costs, and couldn’t confirm that, but everyone else has pointed out their costs have gone up.

I had me a giant laugh at the desperate left pretending that this absolute level of ineptness doesn’t mean government sucks. That they honestly feel the need to write this piece of shit article proves they know better. No private company that had botched their rollout of something this big and critical as badly as the team of collectivist idiots have done with the ACA would have survived. They would have been in court dealing with lawsuits and their bankruptcy filings. But we have no means to do that to government. When they fuck you over your only recourse is to bend over, grab your ankles, and ask for seconds. Maybe an IRS audit or a visit from the FBI will remind you of your place.

Obamacare needs to go. It’s a disaster of such epic proportions that the only people still advocating for this idiotic thing are the people fucking the rest of us over.

Are we paying our fair share yet?

We constantly get told that we are not paying up enough of our fair share to help the liberal wealth redistribution schemes and scams buy them votes, but a new study by the CBO shows something quite different:

(CNSNews.com) – The top 40 percent of households by before-tax income actually paid 106.2 percent of the nation’s net income taxes in 2010, according to a new study by the Congressional Budget Office.

At the same time, households in the bottom 40 percent took in an average of $18,950 in what the CBO called “government transfers” in 2010. Taxpayers in the top 40 percent of households were able to pay more than 100 percent of net federal income taxes in 2010 because Americans in the bottom 40 percent actually paid negative income taxes, according to the CBO study entitled, “The Distribution of Household Income and Federal Taxes, 2010.”

“When refundable tax credits, such as the earned income tax credit and the child tax credit, exceed the other federal tax liabilities of the households in an income group, those households are said to have a negative average tax rate,” said the CBO study. “In its analysis, CBO measured individual income taxes net of refundable credits,” it said. In 2010, the CBO determined, American households in the bottom 40 percent paid negative amounts in income-tax dollars and a negative average income-tax rate.

Much of the progressivity of the federal tax system derives from the individual income tax,” said the report. “In 2010, the lowest quintile’s average rate for the individual income tax was -9.2 percent and the second income quintile’s rate was -2.3 percent.” “A group can have a negative income tax rate if its refundable tax credits exceed the income tax otherwise owed,” said the CBO report.

The households in the top 20 percent by income paid 92.9 percent of net income tax revenues taken in by the federal government in 2010, said CBO. The households in the fourth quintile paid another 13.3 percent of net income tax revenues. Together, the top 40 percent of households paid 106.2 percent of the federal government’s net income tax revenue. The third quintile paid another 2.9 percent—bringing the total share of net federal income tax revenues paid by the top 60 percent to 109.1 percent. That was evened out by the net negative income tax paid by the bottom 40 percent.

And that skew, the wealth transfer, is going to tilt even more that way when Obamacare goes nuclear on our sorry asses. if you think this sort of highway robbery is a good thing, you are a moron. And why can’t we ever get a breakdown that shows the actual money these people get vs. how much of the money collected gets pissed away by Leviathan’s bureaucracy?

Look at it this way: we have a system where out of a group of 50 people in a room – broken down by the tax demographic shown by the numbers in the CBO above – one of these people pays more than all the others combined. But the injustice doesn’t end there. There are 25 people that not only don’t pay any income taxes, but they get to take away money. So the person getting ripped off and the others that pay some or taxes, but get nothing back, are basically outvoted by the people getting money back. The Greeks figured out that was going to be the end of their experiment with democracy over 2500 years ago.

A system where people that not only don’t pay taxes, but they get to collect money from those that do, and that gives them equal representation when electing the scumbags that put these sorts of systems in place, is not just evil, it is downright destructive in the long run, because it is simply not sustainable. And we are seeing that happen finally as most modern western nations with such progressive tax & spend collectivist systems are slowly running out of other people’s money to keep them afloat.

That’s why the democrats are turning us into a banana republic. If you have no skin in the game, you don’t care if the game is wrong. That’s why I feel that people that don’t pay taxes, or worse, get money back from those that do, shouldn’t get a vote when it comes to policies that allow them to get even more money from others. We need a flat tax. Everyone should have to pay. It will fix most of our problems with the tax & spenders and their agenda.

How progressives think the world should work

In a nutshell we can see right of the bat how broken progressives and their ideology are if you pay attention to things happening now. For example, there are a bunch of people agitating for fast food workers to strike and demand they be paid $15 an hour, for a job that can probably be done by monkeys or robots cheaper. At the same time, we have these same people telling physicians that they have to work for less or government controlled pay.

Think about that. Real hard. The message from progressives is that we should pay people whose most difficult task at work might be to flip burgers like kings, but those that have the acumen to put up with one of the most grueling, expensive, and long education tracks, should be treated like slaves of the state.

Yeah, you got to love that way of thinking, don’t ya?

It’s by design, people.

The left would love to tell you that they care about the little guy and that it is those other people, the ones that do not believe the collectivist lie that wealth redistribution is anything but a scheme to enrich the credentialed elite leftists in charge, that is the problem, but despite the propaganda and a lame media that has willingly become the propaganda arm of the left, the truth bears witness to a different story

Wal-Mart Stores Inc. is forecasting a difficult holiday season, but Tiffany & Co. just exceeded their earnings estimates by the simple expedient of raising their prices. It’s hard to find a more vivid example of the segmenting taking place in American society: The wealthy are doing very well indeed, while even bargain retailers are having a harder time of things.

I thought of this when I read Charlotte Allen’s new piece in the Weekly Standard about the divide between the vast tech wealth of Silicon Valley and the people who provide them goods and services. It’s hard to excerpt, so you’ll have to read the whole thing, but to summarize, she looks at the way even affluent communities are dividing into the super-rich and the merely extremely well-to-do … who live in what used to be starter homes for the middle class. The regular middle class, meanwhile, seems to be disappearing, squashed outward to more distant suburbs by the immense pressure of housing prices. It is becoming an area of rich and poor, with little in between.

That’s hardly specific to Silicon Valley. The District of Columbia, where I live, has the highest proportion of college graduates in America. The median value of owner-occupied housing is more than twice the national average — and yet our poverty rate is almost 30 percent higher. Manhattan, where I grew up, has similar statistics, except that the median value of owner-occupied housing is more like four or five times the national average, for far less space, light and privacy than most Americans enjoy. Los Angeles, Boston, San Francisco … America’s urban centers are starting to look like barbells, incomewise, with a lot of weight at each end and not much in the middle.

Of course, terrible urban policy is partly to blame. All of these places restrict building pretty sharply, which keeps the housing supply well below demand. That is not the only factor at play. Allen wisely points to the difference between the tech boom that built postwar California and the one it is having now: The old boom created lots and lots of middle-class jobs, from design to manufacturing to selling the stuff. The new companies employ a lot of high-end-knowledge workers, but not so many middle managers and secretaries. And they don’t have much of a supply chain; the jobs Google Inc.’s success creates are mostly going to be at Google.

In other words, the middle class isn’t just being pushed outward by bad housing policy, but it’s also being compacted. That’s not always bad news for the individuals involved: Some people are falling down the ladder, but others are leaping upward, making more money than they would have in the past.

This phenomenon is not an accident. It’s part and parcel of what happens when collectivists take control. The collectivists, socialist, or progressives, nothing but marxists pretending to be more enlightened, would love to keep pretending they are about social justice and equality, but that’s nothing but cover for the credentialed elite that take advantage of the rubes that believe this drivel to do their power and wealth redistribution. All these collectivist cults, after all, are about nothing but replacing the current masters with another group of masters. One with even more power and the ability to abrogate even more of the wealth to themselves.

The funny thing is that oft times even the rubes see this phenomenon as it manifests in the ashes of the old USSR, but can’t see that it is part and parcel of the collectivist agenda. What I find a sign of mental deficiency is their attempt to pretend that the communist age was fairer because the powerful had less of the wealth directly tied to themselves, while ignoring that pretending it belonged to the state but having exclusive access to it was more of the same. This story is playing itself out, yet again, in still pretending to be communist China. At least the Chinese no longer pretend that communism wasn’t about new masters and their ability to collect the power and wealth, and not about all that social justice and equality of all nonsense that makes your average OWS hippy retard get an orgasm.

So back to Barack Obama’s new America. How is that Hope & Change working out for you, huh? My sole consolation is that I am hearing that so many now understand that the promise of free healthcare is a ruse to get more control over us serfs. Collectivism results in a two tier system. Those at the top hold all the power and wealth, and the rest will wallow in shared misery. That’s by design, because the easiest thing to give rubes is shared misery. You can’t raise everyone up, but you sure can drag everyone down to the same level. Every collectivist experiment has done that. Some real fast, others at a slower pace. But that’s what it always ends up like. And we are seeing that manifested in the changes Obama has brought to America. Thanks for nothing unicorn fart sniffers.

This is what “Social Justice” always ends up looking like

Everyone will be equally miserable and we will be celebrating failure. And that’s not by accident. Even if everyone was given the exact same opportunity I can guarantee you that the result would vary, and vary vastly, based on what each of us chose to do with that. Progtards simply don’t get, or don’t want to get that. To them the system is unjust unless we all cross the finish line at the same time, and with the same goodies. Otherwise someone got screwed over, and not because they did anything wrong, but because the system is inherently unjust. What a bunch of fucking idiotic gobbledygook, but that’s what they believe. So I can not say I am surprised to find out that “Social Justice” week at the University of Georgia would have a campaign decrying success as an injustice. Yes, you heard that right:

Success stories are EBIL!

Success stories are EBIL!

Shit like this is why I can never be a progressive. As has often been said: progressivism is a mental disorder based on capitalizing on jealousy and greed, by painting others that will not allow the progressives to punish them for their success, as the evil ones. This is the loser’s movement. Only they want to now punish those that do not want to let them rip them off even more, by denying them the opportunity for success. Things go wrong when people, and always the ones with the worst kind of psychosis, start deciding what is allowed and what is not. When they get to pick who wins and who loses. And thing really get bad, shit hitting the fan bad, when they start saying that success must be punished, because it leaves other behind. When everyone is mediocre, we are all going to be miserable: not happy. And anyone telling you that mediocrity is cool because it is “Social Justice” needs to have their head examined.

BTW, Stalin, Mao, Pol Pot, and a whole bunch of other progressives that believed in precisely this sort of “Socials Justice” pushed by the U of G, were not available for comment. They all were too busy counting the souls of the over 100 million they murdered, and the dead included in the countless other billions they put through the misery of “Social Justice”, in their special “Progressive Social Justice Stadium” in hell to talk to me. These guys also disliked success for the masses a lot. BTW, the Obamacare website happens to be a great implementation of what the “Social Justice” these types want looks like.

They are going from “Everyone can keep it” to

Axelrod now saying “Most can keep it“. The “it” referred to here is your own healthcare insurance coverage. Most of us that understood what the progtards really were doing knew better than to believe any of their lies. Here is a prediction: in a few months they will be telling us “Some can keep it” and make like that’s what they had been saying all along.

The only thing that’s decent about what these fucks are doing is that the people most impacted – in a bad way – are the ones that not only went along with the bad healthcare takeover bill ‘s passage, but defended it. In the end none of us will be keeping what we have, be it healthcare or decent jobs prospects. What we will have is a whole lot of people that will depend on government – bureaucrats with politcal axes to grind – for their healthcare. That’s what the ACA was designed to do.

Hubris.. It’s all they have..

This is precisely why we have the Obamacare website failure: they are incompetent idiots that can’t even deal with reality. They can’t fix this. That’s because they can’t even admit they have no clue WTF they are doing. And the productive will be the ones hit the hardest. At least the professional government teat suckers and the young idiots that voted in droves for these moronic crooks are also going to be shafted by these very idiots they believed would give them free healthcare. Karma, I guess: it’s a bitch…

And so it goes on, while our demise is sped up..

The fleecing of the American tax payer by leftists that think no matter how idiotic and economically destructive their policies are has been ratcheted up another notch. From the article letting us know that the Feds will now bail Detroit after the city, which has been owned lock, stock, and barrel by democrats for over 6 decades, was run into the ground we find out:

WASHINGTON — Nearly $300 million in aid for Detroit — from federal and state coffers, private businesses and charitable foundations — will be announced Friday as Obama administration officials visit the city to discuss what can be done to help eradicate blight, improve transportation, encourage new business and make residents safer.

The funding will include $150 million in blight eradication and community redevelopment, including $65 million in Community Development Block Grant funding — which had already been awarded over two years but could not be accessed by the city. An additional $25 million could help hire as many as 150 firefighters in the city.

Some $24 million in federal resources that had been tied up will go to repairing buses and installing security cameras, part of an overall $140-million investment in transit systems. And several charitable groups — the Ford Foundation, Kresge Foundation and Knight Foundation — will put millions into spurring entrepreneurship and creating jobs.

Because in the liberal world, bad things can be fixed by throwing even more of other people’s money into the bon fire! The lesson here for Detroit and many other municipalities, including states like California and Illinois, is to actually spend yourself into utter bankruptcy even quicker so the feds can step in and help you piss away more tax payer money. Why would any one of these liberal bastions that have basically destroyed their economies, now that they are getting bailed out by the feds, feel obligated to change any of the obvious and insane spending policies that got them into trouble? And just in case you might be thinking there is no link between the current administration and this idiotic move:

Gene Sperling, the head of President Barack Obama’s National Economic Council and an Ann Arbor native, briefed reporters on some the plans Thursday evening, saying Friday’s meeting at Wayne State University is “the first of many efforts that the administration will engage in with the city of Detroit.”

Pure genius. Do you know what every other democrat dominated center of economic disaster is thinking and doing right now? I guess the stupid will not stop until the entire country collapses, just the way the U.S.S.R. did. We tax payers are truly serfs to our credentialed elite masters. Beasts of burden to be used until they collapse from the abuse, and then to be controlled as they move us from the line of the productive to the line of those that cannot subsist without sucking at the government’s teat.

I am sure someone here will tell me how vile it is of me to just want to see Detroit go down in flames. Point out how uncaring it is of me to not feel anything for the plight of the poor people, not just in Detroit, but all around, that would suffer but for this “help” (and that is in quotes precisely because I see this as anything but help). Yeah, I feel sad that the drug addict is an addict, but I certainly know better than to keep enabling their addiction, especially since all it is doing is speeding their demise. Seriously, who is more compassionate? The person that takes a hard line with the addict and helps them break the habit, or the guy that keeps feeding the habit and tells you that he does this idiotic thing that will eventually kill the addict, because he just can’t see the poor drug addict suffering from withdrawal symptoms?

The only way most people learn to not do bad and stupid things is to suffer from the consequences of their actions. Detroit is now going to avoid said pain because the feds will bail them out. Have no doubt that this handout is just the first of many. Does anyone think that Detroit, and the many others that practice the same brand of progressive economics won’t be back with their hands out sooner than later? Is anyone going to pretend that Detroit really learned their lesson, and that this time they will get their act together? I think we all know how this will play out, not just for Detroit, but for the other shitholes that have been driven into the ground by the left’s insane mismanagement, right? The crooks are running the country and they are laughing all the way to the bank. At least they can do that until they too run out of other people’s money.

Obama’s new vision for America on display here people. Don’t say you didn’t know what was coming when we get there, because it was blatantly obvious.

As predicted, lots of pain to follow…

The ACA, the acronym stands for Affordable Care Act, is a government Leviathan passed to destroy the American healthcare system and pave the way for the single payers system the progressives that hate private insurers – because of their insane feeling that evil private entities that want to make profits are somehow worse than unaccountable government bureaucrats with delusions of grandeur – pine for, will be anything but affordable. And all the people that thought they would keep paying the same, or were even dumb enough to think they would pay less or get shit for free, are going to end up paying more, for a lot less, and with longer waits. And if you are one of the young, you are going to pay a lot more:

For months now, we’ve been waiting to hear how much Obamacare will drive up the cost of health insurance for people who purchase coverage on their own. Last night, the U.S. Department of Health and Human Services finally began to provide some data on how Americans will fare on Obamacare’s federally-sponsored insurance exchanges. HHS’ press release is full of happy talk about how premiums will be “lower than originally expected.” But the reality is starkly different.

Based on a Manhattan Institute analysis of the HHS numbers, Obamacare will increase underlying insurance rates for younger men by an average of 97 to 99 percent, and for younger women by an average of 55 to 62 percent. Worst off is North Carolina, which will see individual-market rates triple for women, and quadruple for men.

Now mind you that this revelation that the average young guy/girl – a demographic that more often than not doesn’t purchase healthcare insurance because, when the risk vs. rewards ratio is looked at, it simply isn’t a great investment, unless things go wrong – will end up paying from 97 to 99 percent more for the men and 55 to 62 percent more for the women, comes from numbers that the HHS reluctantly released. My bet, and this I admit is based mostly on a quick look of historical trends and nothing more, but for all intents of purposes, these historical trends when it comes to government wealth redistribution schemes is dead on, is that these numbers are low. Possibly by a double, if not triple, factor. Before you go saying I am just biased by my ideology, I point you to Social Security, which at its creation was projected to never exceed $9 billion in costs, but jumped that number in under two decades and now exceeds $700 billion per year in just retirement benefits, with total expenditures exceeding the money taken in starting in 2010 and the government requiring a massive tax hike of over $8.5K per citizen to pay back the $2.7 trillion they borrowed from the fund. I am not going to even bother pointing out the massive increase of supposedly disabled people sucking at the government’s teat in the last 5 years, with that trend continuing, either. The base numbers on this monstrosity so many think will be around to pay them what the government takes out of their paycheck, in what amounts to a Ponzi scheme that would send any non-government entity that structured their retirement plan like SS to jail, are enough to show the calamity of this sort of system.

Then we have Medicare. Riddled with fraud and waste, the program portends to help people, especially the elderly, by rigging the system in such a way that actually promotes the fraud and waste. Granted, the ACA, is also slated – supposedly, because this whole thing was a double counting accounting scheme that clearly will not result in any of the savings they pretended it would, so they could claim the ACA would save us money in the first decade – to gut Medicare, taking over half a billion dollars out of that program, mostly by addressing fraud and waste. The big problem is that the strategy the HHS seems to believe will give them this load of cash amounts to the profit scheme used by the “Underpants Gnomes”: Step 1 – Steal underpants. Step 2 – ….. Step 3 – PROFIT! It is bullshit.

There are many more of these bloated wealth redistribution programs that end up costing us tax payers far more than the government ever predicts. Do your own research. Pretending that the ACA will be the first one to deviate from this pattern is the height of disingenuousness, as most of us pointed out when Pelosi was telling us this thing had to pass for us to figure out what was in it and Obama assured us it would save us all money, cover everybody, while letting those of us that liked our plans keep them, and all of that while saving the government over $100 billion in the first decade! Forget the fact that the CBO projection that they used to make these claims was blatantly rigged: we now have proof that it was all lies. And we got that despite the fact the HHS has provided us with massive spin and very little substance:

Earlier this month, I and two colleagues from the Manhattan Institute—Yevgeniy Feyman and Paul Howard—published an interactive map that detailed Obamacare’s impact on individually-purchased health insurance premiums in 13 states plus D.C. As the accompanying article described, Obamacare increased premiums in those states by an average of 24 percent.

But those states were largely blue states that had set up their own, state-based insurance exchanges. The big data dump that we’ve been waiting for, since then, is from the majority of states that didn’t set up their own state-based exchange. That data is the responsibility of the Obama administration, namely HHS. Finally, with less than a week to go before the exchanges are supposed to go on-line, HHS has released a slim, 15-page report and a press release that summarize some of the premium data.

“Premiums nationwide will also be around 16 percent lower than originally expected,” HHS cheerfully announces in its press release. But that’s a ruse. HHS compared what the Congressional Budget Office projected rates might look like—in 2016—to its own findings. Neither of those numbers tells you the stat that really matters: how much rates will go up next year, under Obamacare, relative to this year, prior to the law taking effect.

Former Congressional Budget Office director Douglas Holtz-Eakin agrees. “There are literally no comparisons to current rates. That is, HHS has chosen to dodge the question of whose rates are going up, and how much. Instead they try to distract with a comparison to a hypothetical number that has nothing to do with the actual experience of real people.”

Even the partisan shills are admitting that Obamacare will cost far more than anyone predicted, hurt everyone including the poor children, not cover everybody as promised – in fact the number remaining uncovered seems to be just as large as the number of uncovered people before Obamacare goes live – and in general will bankrupt our economy as it turns this country into a part time workers wasteland.

I can attest to these problems from my own experience, even though I admit not to fall into the demographic category that this particular is speaking of. I have one less person on my plan, yet I am paying about 40% more than I was before this thing was passed. I checked how much my rates had been going up each year before Obamacare, and carrying that out I found that they grew by about 11% otherwise. That’s a big jump considering I am insuring one less person too. Our government is taking more than ever from the productive, and they keep telling us they need to take even more. Progressives need to stop pretending that the end goal isn’t complete control of all assets by the ruling elite, erm, I mean the state, like in the days of communism.

We need a law that makes our political class subject to whatever law they foist upon us. That will end this sort of us abuse of power. That, and we need to kill this monstrosity now and implement some real healthcare reform.